A few flagship universities–Oklahoma and Alabama, for example– are well-known for the generous merit scholarships, most of which provide the largest awards to national merit scholars or students with very similar qualifications. Now there are several other major players in this game, and all are in the state of Florida, home to several colleges on the rise in national rankings.
In March, Gov. Rick Scott, who is often at odds with higher ed professionals, signed Senate Bill 4. The bill passed the senate with unanimous support in mid-January.
Florida State has risen from 101st in U.S. News rankings for 2011 to 81st in the 2018 rankings.
The bill expands the full-ride Benacquisto Scholarship to include not only in-state National Merit and National Achievement Scholars but also out-of-state winners of these awards.
For out-of-state National Merit Scholars, the award is “equal to the institutional cost of attendance for a resident of this state minus the student’s National Merit Scholarship. Such student is exempt from the payment of out-of-state fees.”
The value of the award for in-state students at the University of Florida is $21,210 per year. For out-of-state students, it is $43,448 per year.
The bill provides $124 million to fund these and other merit awards in 2018-2019 alone. Here is a summary:
Expands merit-based state gift aid for high-performing students:
Reinstates full funding of the Bright Futures Florida Academic Scholar award at 100 percent of tuition and fees, plus $300 in fall and spring semesters to cover instructional materials and other costs, beginning in this 2017-2018 academic year and guarantees funding for 2018 summer term tuition and fees for Bright Futures Florida Academic Scholar awards.
New provisions of the legislation this year reinstate funding for the Bright Futures Florida Medallion Scholar award at 75 percent of tuition and fees for fall and spring semesters, beginning in fall semester of the 2018-2019 academic year and guarantee funding for 2019 summer term tuition and fees for Bright Futures Florida Medallion Scholar awards.
Expands Benacquisto Scholarship awards (full cost of attendance) to recruit out-of-state National Merit Scholar award winners.
“Senate Bill 4 ensures universities remain accountable to Florida taxpayers by refining university performance expectations to incentivize and reward state university performance excellence and recognition in academics, instruction, research, and community accomplishments and achievements,” according to a press release from the Florida senate.
Florida lawmakers have also designated “preeminent” and “emerging preeminent” universities. These universities must meet targets for graduation, retention, and post-graduation employment. Florida and Florida State were the first preeminent universities, and the University of South Florida has now moved from emerging preeminent to preeminent. The University of Central Florida will be next.
According to USF, “The designation will bring not only more prestige but more funding for the university. UF and FSU each received $17.3 million as pre-eminent universities this year, while USF and the University of Central Florida each received $8.7 million as ’emerging’ pre-eminent schools.”
The extra funds are used to elevate the quality and recognition of the universities by hiring eminent faculty members, improving grad and retention rates, and funding STEM programs. The University of Florida, for example, has risen from 58th in the 2011 U.S. News rankings to 42nd in the 2018 rankings. Florida State, meanwhile, has moved from 101st to 81st in the same time frame.
Of the 16,000 students (~top 1%) who become National Merit semifinalists, about 15,000 become finalists, most often because some semifinalists have a few low grades, a poor essay, or do not have sufficient SAT confirming scores (see below). And only about 7,500 actually become National Merit Scholars. One reason: many National Merit Scholars choose to attend one of the many prestigious colleges that do not offer any merit scholarships. For example, Harvard might have 250 National Merit Scholars in a given freshman class, but none will receive a merit scholarship of any kind.
(Please see this post for a discussion of PSAT scores and SAT confirming scores.)
The SAT “confirming” score: In order to become a finalist, a student must take the SAT no later than December of the senior year, but taking it no later than early November is recommended. Earlier tests taken as a sophomore or later may also be used. Superscores are not allowed. The National Merit Scholarship Corporation must receive your SAT scores by December 31. This only leaves about a week after receiving December test scores to make sure of the notification.
According to the NMSC, the “SAT Program will not report your scores to NMSC unless you request it, and you cannot substitute a photocopy of the score report sent to you or your school for the official report. Send all testing and score reporting fees directly to the SAT Program.”
The ACT does not count for confirming purposes. And, you guessed it, the SAT for purposes of NMS eligibility also has a selection index.
The SAT selection index differs from the PSAT selection index. Because the SAT has a maximum score of 1600 versus 1520 for the PSAT, the maximum section scores for the SAT selection index are higher. The maximum scaled section score for the SAT is 40 (versus 38) and the maximum selection index score is 240 (versus 228). (But below is the recommended “simple” way to calculate the SAT selection index (SSI).
Another difference is that, for the SAT, the confirming score is national, one SAT selection index total for everyone, regardless of state or location of residence. In the past, an SSI score that equals the PSAT selection index score for commended students has been the minimum acceptable SSI. The good news is that very high scorers on the PSAT should be very likely to meet the “commendable” threshold of the confirming SAT.
Students in states where the commendable PSAT score is the same as the seminfinalist qualify score, and who just did make the commendable score, may have to take the SAT more than once to confirm. Taking the SAT multiple times to reach a confirming score is well worth the effort given the many advantages that come with NMS status.
Example: PSAT selection index score is 2011 = commended student.
Student A has an overall SAT score of 1430, with an evidence-based reading and writing (EBRW) score of 710 and a math score of 720. (These SAT percentiles are 96 for EBRW and 95 for math.)
The simple formula for the SSI is to drop the zeros from the scores, thus making the above scores 71 and 72, respectively. Then multiply the EBRW score by 2, and add the math score.
Example: 71 x 2 = 142; 142 + 72 = 214. An SSI of 214 exceeds the PSAT SI score of 211 and should be sufficient for confirming purposes.
You can also calculate the SSI by doubling the total EBRW score (710 x 2), adding the total math score (720), and dividing the total sum by 10.
Many of the scholarships offered by the public and private institutions listed below are NOT restricted to National Merit Scholars. We include them to show “full ride” and other high-value options. If you find an error below, please notify firstname.lastname@example.org.
The world of merit awards has been changing rapidly in the last decade. Many colleges that continue to provide generous merit scholarships and that used to require or prefer National Merit Finalist status for the most valuable scholarships no longer affiliate with the National Merit Scholarship Corporation. The reasons vary. Often these awards now go to students who are National Merit Finalists but who can be selected for other reasons.
The colleges below in bold are those that still specify National Merit status for at least some of their major awards. These offer National Merit aid of $2,000 a year or more. Many of the universities not in bold do sponsor National Merit Scholarships of $2,000 a year or less. Although automatic scholarships specifically tied to National Merit status are in decline, National Merit Finalists will almost always be among the top candidates for merit awards.
Many colleges offer few or no merit awards of any kind now, because they believe that they need to allocate their funds only on the basis of financial need.
These range from tuition to full ride, and in some cases (e.g., Chicago), these are the only merit scholarships offered by the college.
And here is a list published by U.S. News that shows colleges with highest percentage of merit aid, based on enrollment. This map does not assess actual net remaining costs after merit aid, however.
In this post, we will provide a table that shows more than 115 universities, public and private, which provide full or partial tuition, tuition “plus”, or full ride, and full ride merit scholarships. In most cases, the tuition is at least at the in-state level. Tuition “plus” means that the extra award can include stipends or one or more years of housing. Full ride is tuition, room, board, and often additional funds for study abroad, conferences, and other activities.
The more prestigious the university, the more likely it is that the test score and GPA requirements will at least match stats for National Merit Finalists, even if the scholarship is not tied directly to National Merit awards. It is noteworthy that universities previously known for “full rides” have lowered the merit offerings, often to a level below that of a true full ride, especially for National Merit Scholars. Among these schools are Oklahoma, Alabama, and Texas A&M, although some form of scholarship “stacking” might yield a few more full rides than indicated by the list.
Note: Merit scholarships are constantly changing; the list below is at best a snapshot for 2017-2018.
It is important to know that some of the universities listed offer VERY FEW scholarships of the type listed. For example, the Jefferson Scholarships at the University of Virginia are valued at $150,000 (in-state) and $280,000 (OOS), but only 36 extremely fortunate students are selected from more than 2,000 candidates. These students must be nominated by participating high schools in different regions of the nation.
Again, colleges that continue to offer National Merit-specific scholarships that are greater than $2,000 per year are in bold.
Editor’s Note: This is the second of two detailed articles that describe the complex and often confusing process of becoming a National Merit Scholar. You can read the first segment here.
Author Jane Mueller Fly isan attorney and adjunct professor at the University of Houston-Downtown Campus. Here is a sentence from part two:
“I know you don’t like to be annoying, but get over it. Remember, a full ride to college hangs in the balance.” The full article, below, tells you why.
In Part One, I discussed the steps in the National Merit Scholarship competition. Of course, it is the student who must ace the PSAT and have the impressive high school resume required to progress all the way to National Merit Scholar. But parents have a role to play as well, ensuring that their students have the best possible chance to grab the golden National Merit ring.
As parents, we walk a fine line between appropriately guiding our children, and stunting their growth with the wind from our helicopter blades. When do you step back and let them learn from their failures? When do you step in to help?
The National Merit Scholarship competition is one place where parent involvement may be vital to the student’s success. If the thought of too much involvement makes you cringe, however, consider this: should your student become a National Merit Finalist, he or she will be able to choose from a long list of colleges and universities offering generous scholarships, including many 4-year full rides. Let the hovering begin.
Many critics of the National Merit Scholarship competition believe it is based entirely on the PSAT, a short test administered by College Board and taken during the junior year of high school. The truth, however, is that students who ultimately progress to National Merit Scholar have cleared many more hurdles than just a high PSAT score. For example, the student must have stellar grades throughout high school. One D, or a couple of Cs, is enough to eliminate students from the competition. If your student is already a senior, then this advice comes a bit too late. But if you have younger students, or an older student with early-onset senioritis, you now have one more reason to encourage your student to keep up the grades.
As junior year approaches, many students begin preparing for the PSAT and other standardized tests. Prep courses, in person or online, may improve your student’s scores, but there is no reason to shell out the big bucks. Free online help is available from sources such as Khan Academy, and PSAT/SAT study guides are another inexpensive alternative. The parent’s role is to encourage your student to study for the PSAT. In particular, be sure they complete at least a couple of timed PSATs for practice. It will help them with pacing during the one that counts.
Of course, once test day is over, you and your student will be eager to see the scores. College Board sends PSAT scores to principals in December, but many schools wait until after winter break to distribute the scores and the code needed by students to view test results online. Keep track of the dates. When PSAT scores are due, don’t be shy about asking the school when scores will be distributed. Better yet, have your student ask.
Once you’ve seen the score, you may wonder whether your student is still in the running for National Merit Scholar. Many online forums have state-by-state lists showing the PSAT cutoff scores required in past years, so while you won’t know for certain for many months whether your student’s PSAT score will qualify him or her for Semifinalist, you can at least get some indication of where your student stands.
Of course every student should now be gearing up for the SAT and ACT. The PSAT score should give you an idea of areas requiring more focus. Your math genius may need to hone her Critical Reading skills. Your future writer may need to review the quadratic formula. For kids whose PSAT scores indicate they may qualify as National Merit Semifinalists, the SAT takes on new meaning. Be sure your student signs up and takes the SAT junior year, preferably while the PSAT material is still fresh. The goal for the National Merit competition is to reach at least a 1960 on the SAT, as this has historically been the score deemed to “confirm” the student’s PSAT score. (See Part One of this article for the method of calculating the SAT score for purposes of the National Merit Scholarship competition).
By taking the SAT during junior year, your student will have ample opportunities to retake the test if necessary to earn of score of 1960. Don’t forget that College Board must send the SAT score to the National Merit Scholarship Corporation. This is a great use of one of your free SAT score reports. If it turns out that the SAT score does not meet or exceed 1960, no harm done. The National Merit Scholarship Corporation will accept the highest score, so your student can retake the SAT and submit the new scores.
This is a good time to stress three important points. First, the PSAT and SAT are products of College Board. The National Merit program, however, is run by a private non-profit called the National Merit Scholarship Corporation, or NMSC. College Board and NMSC are two different entities. Second, as many frustrated parents have learned, most communication related to the PSAT and the National Merit Scholarship competition is sent to students via their high school principals.Third, many school administrators are unaware that the correspondence they receive has not also been sent to the student. One parent was told flat out by the principal that students know their PSAT scores well before the school is notified. While this would certainly make sense, it just is not true.
Another parent was advised by a guidance counselor that NMSC mails Semifinalist letters to students’ home addresses. Again, not true, unless your student is home-schooled, in which case the school and home address are the same. But it is completely understandable that the principal and guidance counselor would believe the information had already been sent to you. And while, for many parents and students, news from NMSC is of highest priority, your high school administrators must also deal with matters such as new education legislation and a sophomore smoking weed in the parking lot. So cut them some slack.
Sometime in April, principals will be notified which, if any, of their students have scored in the top 50,000 nationwide. The principal is asked to verify data submitted by the student that confirms the student’s eligibility for the competition. As usual, this notification is not sent to parents or students, and very often the school does not pass the information on to parents, so don’t be surprised if you are never notified that your student is on the list. By now you should already know your student’s PSAT score and the online forums will be buzzing with news of the nationwide score needed to place in the top 50,000. If you think your student’s name should be on the list, but you cannot relax without knowing for sure, by all means contact the school or, better yet, have your student do so.
While parents and students are eager for this news, the more significant notification from NMSC arrives in September and, as usual, is sent to the principal. This notification provides a letter for each student who has qualified, by virtue of the PSAT score, as one of 16,000 Semifinalists. The letter includes the login information needed so that the student may begin the online application for Finalist. The letter also, unfortunately, advises the principal that the information is not to be made public until a later date. While the letter does in fact permit the principal to notify parents and students of Semifinalist standing, the policy at many schools is to not release the information to anyone, not even to students and parents, until the moratorium on publicity is lifted.If your student is not one of the lucky ones called immediately to the principal’s office for the good news, then keep an eye on the online forums where a state-by-state cutoff list will begin to materialize as qualifying students post their scores.
Eventually, though, your student must gain access to the letter sent to the principal. Parents, don’t be timid. By now you’ve been somewhat assured, by complete strangers who posted state cutoff scores online, that your student has qualified as a Semifinalist. Have your student talk to his guidance counselor, and if that doesn’t work, send an email or place a call yourself. Remember, the good people at the school probably believe that NMSC sent you an identical letter. And they have that stoned sophomore to deal with. They won’t mind a friendly email from you:
“Dear Ms. Jones, We are eagerly awaiting news as to whether our son has qualified as a National Merit Semifinalist, and I just learned that notification letters have been sent to the high schools. I know you’re busy, but could you please let me know if my son is a Semifinalist? If so, the National Merit Scholarship Corporation says he has to have the login information from the letter in order to complete an online application, so would you please also give him a copy of the letter?“
There. That was easy.
So now you have the letter containing the secret code, and your student can log in to the NMSC website to begin the application. Be sure your student takes the application, including the essay, seriously. An anecdote has circled for years about a permanent Semifinalist (a student who did not progress to Finalist) whose essay lambasted the National Merit program. This is not a time for your child to become an anecdote. The essay matters. Once complete, be sure your student’s part of the application, and confirming SAT score, are submitted on time.
The other half of the application is to be completed by someone at the high school, and while it seems this is out of your control, it behooves you to stay on top of the process. It is also in the best interest of the school for your student, and all the school’s Semifinalists, to advance in the competition.
This part of the application requires that the principal “endorse” the student–a no brainer unless your kid was once that stoned sophomore or had other behavioral transgressions. The school must also list each course your student completed and grades (semester or quarter grades, depending upon which grades are used in your school’s GPA calculations). If your student has even one D or one or two Cs during high school, that may be enough to disqualify him or her from the competition. Be sure the guidance counselor realizes this and ask that it be addressed in the application. An explanation may make the difference. For example, the guidance counselor can address facts such as if the grade was in 9th grade and the student has matured since then, the student had a major illness that semester, etc. The school must also evaluate the student’s academic achievement, extracurricular accomplishments and personal character and qualities, along with rigor of courses. If your school has more than one Semifinalist, all can be ranked at the highest level, so be sure your guidance counselor understands this.
Finally, the guidance counselor must submit a recommendation for the student. Perhaps your student is well known in the counselor’s office. But for many students, particularly in large schools, the guidance counselor has never had an opportunity to really get to know them. Writing a recommendation letter may be a challenge. So help your student put together a short resume listing things he or she may wish to have included in the recommendation letter: favorite courses, extracurricular activities, leadership positions, awards, community service commitments, employment, etc. Then have your student deliver the resume in person (preferably) or by email to the guidance counselor (or whomever is going to write the recommendation letter) with a short note.
“Dear Ms. Jones, Thank you for writing the National Merit recommendation letter for me. Here is a short resume I put together for you, just in case you need details about my activities in high school.”
If the guidance counselor needs the information, it will be readily available.
Parents are always worried that a deadline will be missed. In this regard, let me assure you of two things. First, you have a phone. Shortly before the deadline, pick up the phone and call NMSC. They will confirm whether the school has submitted the online application, and whether the SAT score requirement has been met. If the application has not yet been submitted, you have time to send a friendly reminder to the school. Then check back with NMSC. Then remind the school again. Lather, rinse, repeat. I know you don’t like to be annoying, but get over it. Remember, a full ride to college hangs in the balance. Your school administrators would prefer a friendly reminder as the deadline approaches rather than an irate phone call after the deadline has passed. Second, the NMSC makes great efforts to ensure that no student falls through the cracks, particularly over something out of the student’s control. Rest assured that even if the school fails to submit the application on time, or the SAT score is not received, or any number of other items is missing, a reminder will be sent.
Finally, there is an appeal process through NMSC available for students who do not progress to Finalist. But, as 15 out of 16 Semifinalists do progress to Finalist, I certainly hope you won’t need to appeal.
In summary, your student is busy being a senior, and could easily miss an important deadline. And your school’s administrators are busy dealing with more issues than you can imagine. So while you may not wish to be a helicopter parent, this is one time when you need to hover just a bit.
In the past, we have listed the Kiplinger Best Value universities without much additional comment. The Kiplinger methodology emphasizes a “quality” side in relation to the “cost” side of a university. The quality side includes selectivity, retention, and four-year grad rates, while the cost side takes tuition, fees, merit aid, need-based aid, and post-graduation debt into account.
For 2015, Kiplinger presents a single list approach to compare private and public universities. The list uses out-of-state tuition for state schools in order to provide an allegedly “apples to apples” comparison with private colleges and universities, which of course have the same listed tuition and fees for students from anywhere in the country. The Kiplinger list also emphasizes need-based aid, and many of the best scholarships for honors students are merit-based. (Kiplinger also lists best value public colleges separately.)
For highly-qualified prospective honors students, the Kiplinger list is misleading, because (a) most students going to public universities are in state and (b) many honors students who go out of state receive tuition offsets or merit aid that reduce the costs used by Kiplinger. As we point out below, many private elites do not provide any merit aid, only need-based aid. Families with relatively good incomes will find that even with all need-based aid provided by the private elite university, a typical family with a good income will still have to pay about $16,000 to $22,000 a year in out of pocket costs, and up to more than $50,000 a year if the family income is in the $200,000 range or higher.
So…if you’re the parent of a prospective honors student who is considering either an in-state or out-of-state public university, your cost assessment for purposes of comparison with the private elites must go beyond the Kiplinger data and include an evaluation of all merit-based (i.e., not need-based) aid offered to outstanding honors applicants. While it’s true that National Merit Scholars and Semifinalists are often especially favored by public universities, it is also true that honors students who are not national scholars are also strong candidates for other types of merit aid.
Here are some examples:
The Kiplinger report for 2015 lists Princeton University as the number one best value in the nation. With the cost of one year at Princeton now at $59,165, Kiplinger accurately states that Princeton provides 100% of need-based aid for all students. Recall that need-based aid is the amount left over after the expected family contribution (EFC) has been calculated. But the average amount that still remains to be paid by a family for the year at Princeton, after the school takes care of all need-based aid, is still about $21,982. (This would be about what a family of four with an adjusted gross income of $137,500 would have to pay, given savings of $50,000.)
The University of Arizona is not even listed among the 300 Kiplinger best value colleges in the nation, but an out-of-state national scholar/honors student at the UA Honors College would receive $30,000, against the $43,800 cost of tuition, fees, room and board, and miscellaneous expenses, leaving $13,800. This is a four-year savings of about $32,000 versus Princeton. An in-state national scholar would receive $20,000, compared to in-state costs of $18,300—in other words, a “full ride”—amounting to a savings of about $87,000 compared to Princeton. Bear in mind that qualifying for a national scholarship is generally a lower requirement in terms of test scores than Princeton would require.
An out-of-state honors student and national scholar at the Joe C. and Carole Kerr McClendon Honors College at Oklahoma University can receive a whopping $120,000 in merit aid over four years (another full ride), which also includes funding for study abroad. In-state national scholars receive $66,000, a full ride that also includes funding for study abroad. Yet OU is ranked 196th among all 300 colleges by Kiplinger.
Other honors colleges that provide full ride merit scholarships are the University of Alabama Honors College, the University of Kentucky Honors Program, and the Sally McConnell Barksdale Honors College at Ole Miss. Many others also provide very generous merit aid based on combinations of test scores and high school gpas. Penn State’s excellent Schreyer Honors College provide ALL its freshmen with a $4,000 merit award, which is renewable for all four years.
So do you have to be a national scholar to receive the kind of financial aid that would lead you to choose a public honors program over an elite private university?
Consider that 95% of students at Arizona State’s outstanding Barrett Honors College receive merit aid—but 40% also have need-based aid on top of (not in place of) merit aid. The number of national scholars who can receive merit aid from ASU is uncapped=no limit. Most national scholars, in-state or out-of-state, receive tuition waivers or offsets to go along with any need-based aid.
About 90 students in the highly selective and excellent University of Georgia Honors Program are eligible for a Foundation Fellowship, which “approximates the full cost of attendance and supplies a generous set of enrichment funds to support study abroad, internships, undergraduate research, etc.” Another 20-30 honors students receive the Ramsey Honors Scholarship that provides about 75% of the amount of the Foundation Fellowship. The honors director reports that “the majority of these funding opportunities are directly attributable to the fact that the Honors Program has its own, very active fundraising office.” The minimum test score requirements for these awards are generally lower than those for national scholarships.
Below are the public universities that have the best value, according to Kiplinger, in terms of in-state costs. Please note that this list does not include any additional merit awards for honors students.